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Palladium Barrels Toward $2,000 as Red-Hot Rally Continues

December 13, 2019 admin Comments Off on Palladium Barrels Toward $2,000 as Red-Hot Rally Continues

(Bloomberg) — Palladium set its sights on a record $2,000 an ounce, with the metal’s blistering rally showing no sign yet of cooling off.Prices climbed for an unprecedented 16th day after signs of a breakthrough in the U.S.-China trade talks, fueling hopes for a rebound in the auto industry, palladium’s biggest consumer. Prices surged this week as mining disruptions in major producer South Africa threatened to tighten a market already hobbled by a persistent deficit.“The physiological $2,000 level now acts as such a magnet to the market,” said Ole Hansen, head of commodity strategy at Saxo Bank A/S. “The strong …read more […]

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Qantas selects Airbus over Boeing for world's longest flights

December 13, 2019 admin Comments Off on Qantas selects Airbus over Boeing for world's longest flights

Australia’s Qantas Airways picked Airbus SE over Boeing Co as the preferred supplier for jets capable of the world’s longest commercial flights from Sydney to London, dealing the U.S. planemaker its latest setback this year. The choice of up to 12 A350-1000 planes fitted with an extra fuel tank for flights of up to 21 hours cements Airbus as the leader in ultra-long haul flying globally at a time when Boeing is battling delays on its rival 777X programme and a broader corporate crisis following two deadly 737 MAX crashes. The Qantas flights would begin in the first …read more […]